1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
WARRIOR [948]
3 years ago
10

A house is appraised for $25,000, and shows an assessed value of $20,000. The taxes on the house are $300 annually. What would t

he tax be on a house that is appraised at $45,000, with an assessed value of $40,000?
Business
1 answer:
pashok25 [27]3 years ago
5 0

Answer:

$600

Explanation:

In this situation, first we have to know that tax levy on assessed value.

<u>Computation of tax rate:</u>

Appraised Value = $25,000

Assessed value = $20,000

Tax = $300

Tax rate = ($300 / $20,000) x 100 = 1.5%

Assume Appraised Value = $45,000

Assume Assessed value = $40,000

Calculation of tax value = Assessed value x tax rate

= $40,000 x 1.5%

= $600

You might be interested in
The _____ perspective of the Balanced Scorecard management system describes the economic consequences of actions taken in the ot
pickupchik [31]

Answer: financial

Explanation:

Balanced Scorecard is referred to as the performance based metric that is used by companies for strategic management.

The four perspectives of a traditional balanced scorecard include:

1. Financial

2. Customer

3 Internal Process

4. Learning and Growth.

The financial perspective helps in improving financial results. It also describes the economic consequences of actions taken in the other three perspectives.

7 0
3 years ago
I need a paragraph using balance, deposit, withdraw, fixed expenses, variable expenses, profit, Interest, budget, financial inst
larisa86 [58]

Steve started an entrepreneur company called "Like" a data company which provides business data to all the social media sites to base on products.He starts with $1000  and $200 deposited in bank as capital budget, He had expenses $150 is spent on rent, computer, furniture and air-condition as his fixed expenses and $90 on carpenter, fittings and computer services as variable expenses.A month passed by, his expenses were $360 and income was $500 about $140 of profit.He bought 3 more computers on loan for $300 at interest of 12% for 2 years, Budget $50 for investment, $40 on buying equities from financial institution and balance $10 on debt instruments and $15 was withdrawn form bank for personal use.

Explanation:

  • Balance amount is the paid amount and<em> </em><em>left over amount</em>.
  • Deposit is the amount placed in a <em>particular bank</em>.
  • Withdrawn amount taken from the <em>bank</em>.
  • Fixed expenses which are on a <em>common basis</em>.
  • Variable expenses which is an <em>occurrence at any point in time</em>.
  • Profit amount earned after all the <em>net expenses and taxes</em>.
  • Interest extra amount paid or received by <em>borrowing or lending</em>.
  • Financial institutions buy <em>companies stocks and shares</em>.
  • Loan monetary on <em>credit</em> for business,house etc.

3 0
3 years ago
Whitmer Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.05 direct labo
sweet [91]

Answer:

Total cost= $4,278

Explanation:

Giving the following information:

Each unit of output requires 0.05 direct labor-hours. The direct labor rate is $9.20 per direct labor-hour. The production budget calls for producing 4,400 units in February and 4,900 units in March.

Production in hours:

February= 0.05*4,400= 220 hours

March= 0.05*4,900= 245 hours

Total cost= 220*9.20 + 245*9.2= $4,278

7 0
3 years ago
Which of the following elements of a process most directly impacts or affects process capabilities? Multiple Choice Activities I
Charra [1.4K]

Answer:

The correct answer is letter "C": Process Structure.

Explanation:

The process capabilities are directly affected by the Process Structure. The Process Structure includes the infrastructure a company counts on for handling businesses. Facilities, equipment, and locations determine how the business will be handled and at what scale.

8 0
3 years ago
Tito Company reports a $20,000 increase in inventory and a $5,000 decrease in accounts payable during the year. Cost of Goods So
Neporo4naja [7]

Answer: Cash payments made to suppliers were $307,000

Explanation:

In order to find cash paid to suppliers we start from the cost of goods sold, add any increase in inventory to it, subtract any decrease in inventory, add any decrease in accounts payable, subtract any increase in accounts payable.

So 282,000+20,000+5,000= 307,000

7 0
3 years ago
Other questions:
  • Which of the following can help an entrepreneur enter the business market of a different country? A. Creating a Web business B.
    15·1 answer
  • When an employee sees themselves as a member of the team and can easily identify with the organization's mission, what is the re
    12·1 answer
  • The basis of accounting used by not-for-profit organizations in their external financial reports is
    13·1 answer
  • Suppose that many auto and steel plants close in a country. Thousands of workers lose their jobs in a short period. If the count
    15·1 answer
  • Braynerd Chemicals sells 40 million shares of stock in an SEO—25 million being primary shares issued by the company and 15 milli
    9·1 answer
  • A difference between Maslow's need hierarchy and Alderfer's ERG theory is that
    12·1 answer
  • Jason and his sister sara have weekly chores. jason helps his father mow the lawn and takes out the garbage. his sister helps th
    10·1 answer
  • Credit granted by retailers to consumers who purchase for personal or family use is referred to as answer
    11·1 answer
  • Global company holds a portfolio of equity securities. the company intends to sell the securities during the next accounting per
    13·1 answer
  • the gardener's opportunity cost of a bushel of beans multiplied by her opportunity cost of a bushel of corn is
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!